MARKET INFRASTRUCTURE

    Market Infrastructure

    MAS Raises Corporate Governance Expectations for FIs

    By Sanday Chongo Kabange | 12/11/2021

    New expectations on corporate governance will start to take effect from 1 January 2022, MAS says in its consultation response.

    Fintech / Regtech

    Malaysia Joins PoC Project to Test Cross-border Payment Links

    By Editors | 11/11/2021

    BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

    AML / KYC

    Wolfsberg Group Endorses ISO 20022 Screening Guidelines

    By Sanday Chongo Kabange | 11/11/2021

    Wolfsberg Group says the adoption of ISO 20022 enables improved adherence to the group’s own ‘Payments Transparency Principles’.

    Market Infrastructure

    Bank Indonesia Set to Launch Faster Payment System

    By Sanday Chongo Kabange | 11/11/2021

    ‘BI-Fast’ will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.

    Fintech / Regtech

    MAS to Build Out CBDC Infrastructure, Technical Competencies

    By Manesh Samtani | 10/11/2021

    Speaking at Singapore Fintech Festival, MAS managing director Ravi Menon outlined three reasons MAS could issue to a CBDC, while also highlighting the associated risks.

    Capital / Liquidity

    BCBS Offers Progress Update on Climate, Cryptoasset Work

    By Editors | 09/11/2021

    The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.

    Market Infrastructure

    India Recalibrates Approach to Shortening Settlement Cycle

    By Editors | 09/11/2021

    T+1 settlement will now be introduced in a phased manner, starting with the smallest stocks on 25 February, and ending with the biggest stocks around January 2023.

    Market Infrastructure

    HKEX Proposes April 2022 Launch of Derivatives Holiday Trading

    By Manesh Samtani | 09/11/2021

    HKEX proposes to only allow Holiday Trading Participants access to Holiday Trading Products, i.e. non-HKD futures and options, even on regular business days.

    ESG / Sustainability

    Japan FSA Reaffirms Commitment to Sustainable Finance Strategy

    By Sanday Chongo Kabange | 09/11/2021

    The strategy highlights efforts to enhance disclosures, develop green bond markets, and ensure FIs manage climate risk and support borrowers.

    Market Infrastructure

    IBA Publishes Production Version of SOFR ICE Swap Rate

    By Editors | 09/11/2021

    The US dollar SOFR ICE Swap Rate will help the USD non-linear derivatives market in its ongoing transition to SOFR, said IBA president Tim Bowler.

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